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Write a C program to calculate a balance installment that is to be paid after every month for a particular loan amount (with interest).

Following is the formula to calculate interest when the loan amount is given −

i=loanamt * ((interest/100)/12);

Following calculation gives amount with interest −

i=i+loanamt; firstmon=i-monthlypayment; //first month payment with interest i=firstmon * ((interest/100)/12);

#include<stdio.h> int main(){ float loanamt,interest,monthlypayment; float i,firstmon,secondmon; printf("enter the loan amount:"); scanf("%f",&loanamt); printf("interest rate:"); scanf("%f",&interest); printf("monthly payment:"); scanf("%f",&monthlypayment); //interest calculation// i=loanamt * ((interest/100)/12); //amount with interest i=i+loanamt; firstmon=i-monthlypayment; //first month payment with interest i=firstmon * ((interest/100)/12); i=i+firstmon; secondmon=i-monthlypayment; //second month payment with interest printf("remaining amount need to pay after 1st installment:%.2f\n",firstmon); printf("remaining amount need to pay after 2nd installment:%.2f\n",secondmon); return 0; }

enter the loan amount:45000 interest rate:7 monthly payment:1000 remaining amount need to pay after 1st installment:44262.50 remaining amount need to pay after 2nd installment:43520.70

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